Encompass Integration - Analyze

Once integrated for Classify and Capture a client will be able to work with Ocrolus to generate gross monthly income data off all captured forms for traditionally employed borrower and co-borrowers

Classification and Capture as a Prerequisite

The Calculate Encompass integration requires a Classify and Capture workflow to be in existence prior to a Calculate integration. Ocrolus Income calculations leverage Capture data as inputs and re-index a pdf of each income calculation generated for each traditional place of employment for the borrower and coborrower on the loan.

Standard Income Calculator

Ocrolus leverages the industry standard Income Calculations to obtain chosen income options for an underwriter to leverage. Ocrolus currently supports only traditional employment income calculations. For information on self-employed borrower, co-borrower income support or alternative income calculations, please reach out to Ocrolus customer support.

Ocrolus Income Calculator Custom Form

Ocrolus provides a custom form to clients to view, interact and select income data for the current place of employment for a borrower or co-borrower. When an income is selected, it can be written to Section 1b of the 1003 URLA 2020. The data fields in the Ocrolus Income Calculator are read only.

Information on how to install the custom form can be found [here].

Custom Form Section 1- Header Information

An underwriter can select from the header of the custom form whose current income calculation to view. The custom form supports a display for the borrower and co-borrower of a loan

Section

Field Name

Field Type

Decription

Header Information

Borrower/Co-Borrower name

String

Name of the entities applying for the loan

Header Information

Employer

String

Name of the employer from which pay data was captured and calculated from

Header Information

Loan ID

String

Current Loan ID

Header Information

Date

Date

Date on which calculate data was pushed or refreshed

Header Information

Income To Quality

Money

Amount required for entities to qualify for the loan.

Custom Form Section 2 - Hourly Income

If the borrower selected is determined to be paid hourly at his/her current place of employment this section will be populated with data. A list of fields available can be found below:

Field Name

Field Type

Interaction

Description

$ per hour

Money

Read Only

hours worked per week

Text

Read Only

Monthly Income (from per hour income)

Money

Read Only

YTD Earnings

Money

Read Only

of Months

Text

Read Only

Monthly Income (from YTD avg.)

Money

Read Only

W2 Earnings

Money

Read Only

Tax Year

Text

Read Only

Monthy Income (From first W2 income)

Money

Read Only

W2 Earnings

Money

Read Only

Tax Year

Text

Read Only

Monthly Income (From second W2 income)

Money

Read Only

Per Hour Income

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 1 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 2 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Do Not Use Income

Money

Selectable

Chosen if no selectable options will be used for income

Chosen Income

Money

Copyable

Displays the selected income that will be written to the 1003

Custom Form Section 3 - Salary Income

If the entity selected is determined to be paid a salary at his/her the current place of employment this section will be populated with data.

Field Name

Field Type

Interaction

Description

Monthly Income

Money

Selectable

Monthly Earnings

Money

Read Only

Monthly Income (2)

Money

Selectable

Bi Weekly Earnings

Money

Read Only

Monthly Income (3)

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Semi Monthly Income

Money

Read Only

Monthly Income (4)

Money

Selectable

Weekly Earnings

Money

Read Only

Monthly Income (5)

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD Salary (paystub)

Money

Read Only

of months

String

Read Only

Monthly Income (6)

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

W2 Earnings

Money

Read Only

Tax Year

String

Read Only

Monthly Income (7)

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

W2 Earnings (2)

Money

Read Only

Tax Year (2)

String

Read Only

Do not use income

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Chosen Income

Money

Copyable

Displays the selected income that will be written to the 1003

Custom Form Section 4 - Overtime Income

If Ocrolus Capture data has identified overtime income on a borrower or co-borrower's available paystubs this section will contain data from the Income Calculator

Field Name

Field Type

Interaction

Description

YTD earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

Past Year earnings

Money

Read Only

of months

String

Read Only

Monthly Income

Money

Read Only

YTD avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 1 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 2 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Do not use income

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Chosen income

Money

Copyable

Displays the selected income that will be written to the 1003

Custom Form Section 5 - Bonus Income

If Ocrolus Capture data has identified bonus income on a borrower or co-borrower's available paystubs this section will contain data from the Income Calculator

Field Name

Field Type

Interaction

Description

YTD earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

Past Year earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

Additional year earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

YTD avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 1 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 2 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Do not use income

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Chosen income

Money

Copyable

Displays the selected income that will be written to the 1003

Custom Form Section 6 - Commission Income

If Ocrolus Capture data has identified commission income on a borrower or co-borrower's available paystubs this section will contain data from the Income Calculator

Field Name

Field Type

Interaction

Description

YTD earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

Past Year earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

Additional year earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

YTD avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 1 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 2 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Do not use income

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Chosen income

Money

Copyable

Displays the selected income that will be written to the 1003

Custom Form Section 7 - Other Income

If Ocrolus Capture data has identified an additional type of income on a borrower or co-borrower's available paystubs this section will contain data from the Income Calculator

Field Name

Field Type

Interaction

Description

YTD earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

Past Year earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

Additional year earnings

Money

Read Only

of months

String

Read Only

Monthly income

Money

Read Only

YTD avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 1 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

YTD + 2 year W2 avg.

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Do not use income

Money

Selectable

Chosen if user prefers to use this calculation as chosen income

Chosen income

Money

Copyable

Displays the selected income that will be written to the 1003

Custom Form Section 8 - Military Entitlements Income

If Ocrolus Capture identifies that the borrower or co-borrower is active duty military then the Military entitlement income will be displayed in an itemized list.

Field Name

Field Type

Interaction

Description

Military Base Pay

Money

Read Only

Military Combat Pay

Money

Read Only

Military Flight Pay

Money

Read Only

Military Hazard Pay

Money

Read Only

Military Overseas Pay

Money

Read Only

Military Prop Pay

Money

Read Only

Clothing Allowance

Money

Read Only

Rations Allowance

Money

Read Only

Variable Housing Allowance

Money

Read Only

Quarters Allowance

Money

Read Only

Other Allowance

Money

Read Only

Other Allowance (Description)

String

Read Only

Total Military Entitlements

Money

Copyable

Displays the selected income that will be written to the 1003

Write to 1003 Mappings - Sections 1 through 7

The below chart displays the location of where each piece of data will be copied to in the 1003 URLA 2020 when the "Write to 1003" button is selected for the first seven sections of the Income Calculator. These entries map to the first entry for Verification of Employment.

Calculator Field Name

2020 URLA Section

Field Code

Hourly Income Chosen Income

Section 1b. Current/Self Employment and Income Gross Monthly Income

BE0199 - for Borrower
CE0199 - for Co-Borrower

Salary Income Chosen Income

Section 1b. Current/Self Employment and Income Gross Monthly Income

BE0199 - for Borrower
CE0199 - for Co-Borrower

Overtime Income Chosen Income

Section 1b. Current/Self Employment and Income Gross Monthly Income

BE0120 - for Borrower
CE0120 - for Co-Borrower

Bonus Income Chosen Income

Section 1b. Current/Self Employment and Income Gross Monthly Income

BE0121 - for Borrower
CE0121 - for Co-Borrower

Commission Income Chosen Income

Section 1b. Current/Self Employment and Income Gross Monthly Income

BE0122 - for Borrower
CE0122 - for Co-Borrower

Other Income Chosen Income

Section 1b. Current/Self Employment and Income Gross Monthly Income

BE0123 - for Borrower
CE0123 - for Co-Borrower

Write to 1003 - Section 8, Military Entitlement

The below chart displays the location of where each piece of data will be copied to in the 1003 URLA 2020 when the "Write to 1003" button is selected for the Military Entitlement Income. These entries map to the first entry for Verification of Employment.

Field Name

2020 URLA Field Code

Military Base Pay

BE0119 - for Borrower
CE0119 - for Co-Borrower

Military Combat Pay

BE0177 - for Borrower
CE0177 - for Co-Borrower

Military Flight Pay

BE0165 - for Borrower
CE0165 - for Co-Borrower

Military Hazard Pay

BE0166 - for Borrower
CE0166 - for Co-Borrower

Military Overseas Pay

BE0167 - for Borrower
CE0167 - for Co-Borrower

Military Prop Pay

BE0168 - for Borrower
CE0168 - for Co-Borrower

Clothing Allowance

BE0169 - for Borrower
CE0169 - for Co-Borrower

Rations Allowance

BE0170 - for Borrower
CE0170 - for Co-Borrower

Variable Housing Allowance

BE0171 - for Borrower
CE0171 - for Co-Borrower

Quarters Allowance

BE0172 - for Borrower
CE0172 - for Co-Borrower

Other Allowance

BE0174 - for Borrower
CE0174 - for Co-Borrower

Total Military Entitlements

N/A

Income Calculation Indexed to eFolder

In addition to the interactive custom form Ocrolus will also index a PDF of the income calculations generates for all places of employment for a borrower and co-borrower. Below detail the format of the attachment indexing

Document Name

Uniqueness Values

Sample Attachment Name

Income calculations

Borrower or Co-Borrower Name
Employer
Time Stamp

Income Calculation-John Doe-Corporation ABV - 2021-05-12 16:32.pdf

The income calculations indexed to the eFolder will also display a list of the W2 and Paystub attachments that were leveraged in the calculations.

^ Above will be an embedded version of a sample Income Calculation

Updating Income Data

Ocrolus will update the Calculate data for the borrower and coborrower each time new paystubs and W2s are identified and verified by the Classify and Capture processes. Updated data for the current place of employment for the borrower or co-borrower will automatically update the Calculate Custom Form. An updated Income Calculation pdf will also be indexed to the loan eFolder.

Getting a sample .empkg file

Please contact your implementation associate for the relevant .empkg file.


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